Upscale Optometric Practice in Southern Idaho

Price: $2,400,000

Location: Idaho

Industry: Medical Practices

Listing ID: 8304-17241

Listing Status: Available

Description

Established full-scope optometrist practice located in desirable southern Idaho location is for sale. The practice has a dominant market position, access to products and pricing unavailable to smaller practices, and generates higher profit margins than industry average. The doctors and optical are in-network with most insurances. Experienced practice manager to remain in place. The company has a strategic advantage with market positioning. The seller is ready to retire and desires to sell 100% of practice ownership. Seller will provide reasonable transition and training. The practice is pre-qualified for business acquisition financing. Note: Revenues shown are net of insurance adjustments/write offs.

Business is located in 6,303 square foot building at market rate lease. Lease is assignable and will meet Lender financing requirements.

Will train for 4 weeks @ $0 cost.

The Company shows superior financial performance as compared to its peers in NAICS industry 621320 with net earnings more than double that of the peer median.

According to IBISWorld, the optometrist industry will continue to grow largely due to the aging population, increasing awareness of eye health, and risking per capita disposable income for more consumers to cover costs related to treatment.

Owner wants to retire.

LISTING DETAILS

Total Sales: $2,069,128

Cash Flow: $752,587

FFE: $155,894

Inventory: $135,000

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Sheila Spangler, CVA, BCA, CBI

Sheila Spangler, CVA, BCA, CBI